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Gold Companies That Can Afford Their Dividends

Published Wed, 30 Oct 2013 15:21:18 -0400 on Seeking Alpha

Spot gold prices have fallen more than 30% from the record $1,921 per ounce reached in September 2011 as sentiment reversed amid signs that global economic stimuli policies, known as quantitative easing, failed to yield commodity-friendly inflation witnessed during prior cycles of expansionary monetary actions by central banks. Despite deep dividend cuts by industry leaders like Barrick Gold (ABX) and Kinross Gold (KGC), there are still a few gold-mining stocks out there that can pay healthy dividends in a world where the price of the precious metal trades even lower.Gold Price in US Dollars data by YCharts Gold miners have cut expenses and slashed cash dividend payments in recent months in order to "make ends meet in a lower gold environment," wrote Citigroup (C) analysts in a research note last month. Nonetheless, most leading precious metals miners continue to burn cash at much higher... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
IAMGOLD 3.33   0.0 -0.21 0.00 7.33
KINROSS GOLD 4.73   473.0 0.01 0.00 3.31
NEWMONT MINING 38.66   0.0 -0.14 0.56 1.47
BARRICK GOLD 13.12   0.0 -0.56 0.28 0.93
GOLDCORP 11.19   0.0 -4.77 0.00 0.70
YAMANA GOLD 3.30   0.0 -0.14 0.04 0.60
GOLD RESOURCE 3.73   0.0 0.00 0.02 0.55


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